Taxes and Rents. At Closing, all general real estate and personal property taxes for the year of the Closing and special taxes and assessments shall be prorated as of the Closing Date (with Buyer to pay taxes attributed to the Closing Date and all periods thereafter) using the latest available tax rates and assessments and taking advantage of any discounts or rebates available for early payment and/or payment before delinquency. The parties shall readjust the prorations with respect to such taxes and assessments within one (1) year following the Closing; provided, further that, if the proration is based upon the previous tax year’s bills, the parties shall make an appropriate adjustment upon receipt of the current tax year’s bills. Sellers shall pay general real estate and personal property taxes for all periods prior to the date of the Closing and all special taxes or assessments then due and payable as of the Closing Date, except that, if any assessment against the Property, or any portion thereof, is payable in installments, Buyer shall pay any and all of such installments which may be paid after the Closing Date, and any installment relating to the year of Closing shall be prorated as of the Closing Date (with Buyer to pay all portions of such installment attributed to the Closing Date and all periods thereafter). Any tax refunds or rebates occurring or accruing with respect to any and all time periods before the Closing Date shall remain the property of Sellers, and, if Buyer collects or receives same, Buyer shall promptly remit same to Sellers. The provisions of the immediately preceding sentence shall survive the Closing. All taxes or assessments which become due and payable on or after the Closing Date shall be paid by Buyer. Any increases and/or reassessments prior to the Closing Date shall be paid by the Sellers. Any amounts determined to be due and owing to Sellers by Buyer or to Buyer by Sellers pursuant to the Operations Settlement shall be incorporated into the Closing Statement but to the extent that any of the foregoing information is unavailable or is found to be inaccurate, the same shall be handled as a post-closing adjustment conducted within one (1) year following Closing, and the obligations of the parties to perform such post-closing adjustment shall survive Closing. Any matter not raised by either Buyer or Sellers within such one (1) year period following Closing shall not result in a post-closing adjustment.
Taxes and Rents. The Owner agrees to pay in a timely manner all local, state and federal sales, business and property taxes and all other taxes, rates, levies and fees levied or assessed against the Owner by the Arena License and any competent public or private authority.
Taxes and Rents. At Closing, all general real estate and personal property taxes for the year of the Closing and special taxes and assessments shall be prorated as of the Closing Date (with the applicable SPE Owner to pay taxes attributed to the Closing Date and all periods thereafter) using the latest available tax rates and assessments and taking advantage of any discounts or rebates available for early payment and/or payment before delinquency. If the proration is based upon the previous tax year’s bills, the parties shall make an appropriate adjustment upon receipt of the current tax year’s bills, if necessary. Wolf shall pay general real estate and personal property taxes for all years prior to the year of the Closing and all installments of special taxes or assessments then due and payable as of the Closing Date. All taxes or assessments which become due and payable on or after the Closing Date shall be paid by the applicable SPE Owner. The provisions of this Section 11(c) shall survive the Closing.
Taxes and Rents. Upon termination of the Option, Halo shall ensure that all taxes, fees, rents and payments in respect of the Property and all related leases have been paid to the date of termination and that the Property and all related leases remain in good standing for not less than 6 months after termination.
Taxes and Rents. At Closing, all general real estate and personal property taxes for the year of the Closing and special taxes and assessments shall be prorated as of the Closing Date (with Buyer to pay taxes attributed to the Closing Date and all periods thereafter) using the latest available tax rates and assessments and taking advantage of any discounts or rebates available for early payment and/or payment before delinquency. The parties shall have no obligation to readjust such prorations after the Closing; provided, however, if the proration is based upon the previous tax year’s bills, the parties shall make an appropriate adjustment upon receipt of the current tax year’s bills; Sellers shall pay general real estate and personal property taxes for all years prior to the year of the Closing and all special taxes or assessments then due and payable as of the Closing Date, except that, if any assessment against the Property, or any portion thereof, is payable in installments, Buyer shall pay any and all of such installments which may be paid after the Closing Date, and any installment relating to the year of Closing shall be prorated as of the Closing Date (with Buyer to pay all portions of such installment attributed to the Closing Date and all periods thereafter). Any tax refunds or rebates occurring or accruing with respect to any and all time periods before the Closing Date shall remain the property of Sellers, and, if Buyer collects or receives same, Buyer shall promptly remit same to Sellers. The provisions of the immediately preceding sentence shall survive the Closing. All taxes or assessments which become due and payable on or after the Closing Date shall be paid by Buyer.
Taxes and Rents. Real Estate taxes and rents shall be prorated as of the date of Closing. All prorations under this Subparagraph 6.(A) shall be final. Prorations shall be calculated based upon the most recent tax xxxx assessment and the terms and conditions of the Ground Lease between Seller (or its predecessor-in-interest) and Buyer.
Taxes and Rents. The Seller and the Purchaser shall prorate all --------------- taxes, assessments and rents to the Closing Date; provided, however, to the extent the Property is subject to any so called "roll back" taxes, the Seller shall pay all such taxes levied for prior years. If the Closing Attorney cannot determine the current year's taxes as of the Closing Date, the Seller and the Purchaser shall base the proration on the previous year's taxes, with an adjustment between the Seller and the Purchaser when the current year's taxes become known. The obligations of this Section 16(a) shall survive the closing of this transaction and the delivery of the deed.
Taxes and Rents. 1998 real property taxes and assessments relating to the Real Property shall be paid by Buyer.
